Published: August 31, 2011
Washington – Making a commitment to educating a new generation of engineers, 31 member CEOs of Business Roundtable (BRT) have pledged to hire more than 6,000 additional engineering interns next year.
BRT announced the commitment as the President’s Council on Jobs and Competitiveness met in Portland, Ore., for a forum on increasing the number of engineers in the United States. Energy Secretary Steven Chu and Paul Otellini, President and CEO of Intel Corp., are leading the forum at Portland State University.
BRT-member CEOs reported their plans for engineering interns in response to an appeal sent by Otellini; Jeffrey Immelt, Chairman and CEO of General Electric Company; and Ellen Kullman, Chairman and CEO of DuPont. All three serve on the President’s Job Council; Immelt is its chairman.
“Business Roundtable companies already make an important difference in U.S. engineering education by providing internships within their companies for promising engineering students, which have proven highly effective in boosting engineering student recruitment and retention – a critical national need,” the three CEOs wrote in an Aug. 19 e-mail.
“More engineering graduates will create a strong platform for future U.S. innovation leadership and economic growth,” they added. “More engineering interns also will help make our companies more innovative and competitive.”
Business Roundtable has long been an advocate of increasing the number of U.S. graduates who earn bachelor’s degrees in science, technology, engineering or mathematics (STEM). BRT leads the Tapping America’s Potential (TAP) Coalition, created in 2005 to promote STEM education in colleges and universities.
For many of the companies, the pledges will represent a doubling of their engineering internships in 2012. A list of the BRT companies making the commitment today is appended.
CEO-member companies of Business Roundtable who committed today to double their internship opportunities in 2012:
Five other BRT companies also committed to increase internship opportunities in 2012:
Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies with nearly $6 trillion in annual revenues and more than 13 million employees. BRT member companies comprise nearly a third of the total value of the U.S. stock market and invest more than $114 billion annually in research and development – nearly half of all private U.S. R&D spending. Our companies pay more than $179 billion in dividends to shareholders.
BRT companies give nearly $9 billion a year in combined charitable contributions.